Invesque Expands with Virginia Acquisition

May 24, 2019May 23, 2019 Steve Monroe Acquisitions BMO Capital Markets, Commonwealth Senior Living, Houlihan Lokey Capital, Invesque Leave a comment

Toronto, Canada-based Invesque (TSX: IVQ) announced it has entered into an agreement to purchase 20 assisted living and memory care communities from Commonwealth Senior Living for $340.4 million, or about $236,400 per unit. All but one of the communities are in Virginia, with one in Pennsylvania. Of the total units, 863 are assisted living, 486 […]

Health Care REIT looking North, again

June 19, 2015March 5, 2018 Steve Monroe Acquisitions BMO Capital Markets, Brookfield Financial, CIBC, Health Care REIT, Regal Lifestyle, Revera Leave a comment

In its existing RIDEA joint venture with Revera, Inc., Health Care REIT purchased Regal Lifestyle Communities, a Toronto-based operator of 23 independent living communities with more than 3,600 units. The joint venture, with HCN owning 75% and Revera 25%, will pay CAD$12.00 per share (a 27.1% premium), or approximately US$623 million ($173,100 per unit), for […]